- EUR/JPY is prolonging its correction lower after testing recent tops beyond 133.00 the figure.
- While above the short-term support line, today at 129.97, a visit to the mid-133.00s should remain on the cards. If cleared, the next hurdle emerges at October 2017 tops at 134.51.
- Further downside is expected to meet initial contention at the 200-day SMA at 131.06 ahead of the 21-day SMA at 130.48.
EUR/JPY daily chart
Daily high: 132.69
Daily low: 131.57
Support Levels
S1: 131.96
S2: 131.64
S3: 131.05
Resistance Levels
R1: 132.87
R2: 133.46
R3: 133.78
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